For sale for $1,250,000 ~ you could make $1800 per month.
With FOUR well planned apartments, this house generates over $69,000 in gross income per year and approximately $55,000 net income per year. Â With 20% down, this property carries for approximately $3944Â per month (OAC), plus taxes, insurance and maintenance, while bringing in $5750 per month with room to grow the rents over time. That translates to almost $1800Â per month in cash-flow.
Handsome Income-Producing Victorian On Best Part Of College/Bathurst St In Prime U Of T/Little Italy Location.Â Potential To Increase Rent Over Time. Shared Laundry (add coin-op system for additional income). Many Improvements & Enhancements. Â Includes: Â All electrical light fixtures (not belonging to tenants),Â 4 Fridges, 4 Stoves, Ceiling Fans, Microwaves, Built-In Dishwashers, Washer & Dryer.
This house is fully occupied with all tenants on month-to-month leases. Â Continue to enjoy the income or you can move into one of the suites or you cam move one of your children in with proper notice (2 calendar months) to the current tenant.